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My business is very like a…

Uncategorized Jun 19, 2018

Many of us remember the old poem about the six blind men of Indostan who happen upon an elephant, and they wish to consider what type of creature it is.  Depending on what part of the elephant their hands fall upon, they find him to be very like a wall, a spear, a snake, a tree, a fan, and a rope. None of these things are very like an elephant, and the poem does well to demonstrate the weakness of limited perspective.  

In my observation, most small businesses are started by an implementer - someone who learned specific skills during a period of employment.  Over time, the electrician, the writer, or the insurance agent has gathered enough skills and knowledge (and guts) to “go out on their own”. And if they’re really good at this thing, they may soon have more demand than they can handle - so they hire a helper, and then another, and then another.  Soon, this founder/implementer is spending most of their time managing the...

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The 12 Essentials for Your Small Business Success Story

Uncategorized May 22, 2018

One of the things that holds folks back from pursuing any dream is their fear of failure. We hear the stories too often, see the Going Out of Business signs, learn about the loss of nest eggs or family member investments... small businesses do fail. But many succeed, and they create jobs, build wealth for the owners, and add to the vibrancy of the local economy. Small businesses are the foundation of a community in so many ways.

 

After nearly 20 years of getting to know small business owners, I've come to notice many similarities in the successes. Through this experience, I find there are 12 essentials to create success in a small business. If you're preparing to roll the dice on a small business enterprise, or you’re already a few chapters into your own small business success story, make sure you're equipping yourself with as many of these as possible.

 

A Plan. Gotta have a plan! It doesn’t matter if it's a one-page Business Model Canvas, or a 30-pager built...

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